Alpha Teknova (TKNO)
Market Price (10/28/2026): $7.1 | Market Cap: $438.1 MilSector: Health Care | Industry: Pharmaceuticals
Alpha Teknova (TKNO)
Market Price (10/28/2026): $7.1Market Cap: $438.1 MilSector: Health CareIndustry: Pharmaceuticals
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, mRNA Technology, Show more. | Weak multi-year price returns2Y Excs Rtn is -22% | Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36% Stock price has recently run up significantly6M Rtn6 month market price return is 117% Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17% Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 135% Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.5% Key risksTKNO key risks include [1] high customer concentration and [2] ongoing unprofitability and negative cash flow. |
| Megatrend and thematic driversMegatrends include Biotechnology & Genomics, and Precision Medicine. Themes include Gene Editing & Therapy, mRNA Technology, Show more. |
| Weak multi-year price returns2Y Excs Rtn is -22% |
| Not profitable at operating income levelOp Inc LTMOperating Income, Last Twelve Months is -16 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -36% |
| Stock price has recently run up significantly6M Rtn6 month market price return is 117% |
| Not cash flow generativeCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -17% |
| Valuation getting more expensiveP/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is 135% |
| Yield minus risk free rate is negativeERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -8.5% |
| Key risksTKNO key risks include [1] high customer concentration and [2] ongoing unprofitability and negative cash flow. |
Qualitative Assessment
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Alpha Teknova (TKNO) stock has gained about 25% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Performance and Raised Guidance.
Alpha Teknova reported robust financial results for fiscal Q2 2026, which ended June 30, 2026, on August 5, 2026. The company reported a narrower loss of $0.06 per share, outperforming the consensus estimate of a $0.08 loss per share. Additionally, revenue reached $12.19 million, surpassing the $10.95 million consensus estimate and representing an 18% year-over-year increase. Following this strong performance, Teknova raised its full-year fiscal 2026 revenue guidance to a range of $45 million to $47 million.
2. Positive Preliminary Fiscal Q3 2026 Financial Estimates.
On October 19-20, 2026, Alpha Teknova announced preliminary unaudited financial results for fiscal Q3 2026, which ended September 30, 2026. These estimates indicated strong operational momentum, with projected Q3 revenue between $12.5 million and $12.7 million, representing a significant 19% to 21% increase compared to the prior-year quarter. Furthermore, the company anticipated a gross margin expansion of 500 to 700 basis points and an Adjusted EBITDA improvement of at least 25% year-over-year, to a range of negative $1.2 million to negative $1.0 million, driven by continued cost discipline.
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Alpha Teknova (TKNO) stock has gained about 25% since 6/30/2026 because of the following key factors:
1. Strong Fiscal Q2 2026 Performance and Raised Guidance.
Alpha Teknova reported robust financial results for fiscal Q2 2026, which ended June 30, 2026, on August 5, 2026. The company reported a narrower loss of $0.06 per share, outperforming the consensus estimate of a $0.08 loss per share. Additionally, revenue reached $12.19 million, surpassing the $10.95 million consensus estimate and representing an 18% year-over-year increase. Following this strong performance, Teknova raised its full-year fiscal 2026 revenue guidance to a range of $45 million to $47 million.
2. Positive Preliminary Fiscal Q3 2026 Financial Estimates.
On October 19-20, 2026, Alpha Teknova announced preliminary unaudited financial results for fiscal Q3 2026, which ended September 30, 2026. These estimates indicated strong operational momentum, with projected Q3 revenue between $12.5 million and $12.7 million, representing a significant 19% to 21% increase compared to the prior-year quarter. Furthermore, the company anticipated a gross margin expansion of 500 to 700 basis points and an Adjusted EBITDA improvement of at least 25% year-over-year, to a range of negative $1.2 million to negative $1.0 million, driven by continued cost discipline.
3. Upgraded Analyst Sentiment and Price Target Increases.
During the period, analyst sentiment became increasingly positive, contributing to the stock's upward trend. As of October 25, 2026, Alpha Teknova held a "Strong Buy" consensus rating from analysts, with a collective price target of $8.75. Several firms upgraded their ratings or increased price targets, with some targets ranging up to $11.00. For instance, BTIG Research raised Alpha Teknova from a "Neutral" to a "Buy" rating with an $8.00 target price in August 2026, and TD Cowen raised its target to $11.00 in October 2026.
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Stock Movement Drivers
Fundamental Drivers
The 25.2% change in TKNO stock from 6/30/2026 to 10/27/2026 was primarily driven by a 19.8% change in the company's P/S Multiple.| (LTM values as of) | 6302026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 5.68 | 7.11 | 25.2% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 42 | 44 | 4.5% |
| P/S Multiple | 7.3 | 8.7 | 19.8% |
| Shares Outstanding (Mil) | 54 | 54 | -0.1% |
| Cumulative Contribution | 25.2% |
Market Drivers
6/30/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| TKNO | 25.2% | |
| Market (SPY) | 3.1% | 19.2% |
| Sector (XLV) | 12.9% | 25.3% |
Fundamental Drivers
The 146.0% change in TKNO stock from 3/31/2026 to 10/27/2026 was primarily driven by a 128.5% change in the company's P/S Multiple.| (LTM values as of) | 3312026 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.89 | 7.11 | 146.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 41 | 44 | 7.8% |
| P/S Multiple | 3.8 | 8.7 | 128.5% |
| Shares Outstanding (Mil) | 54 | 54 | -0.2% |
| Cumulative Contribution | 146.0% |
Market Drivers
3/31/2026 to 10/27/2026| Return | Correlation | |
|---|---|---|
| TKNO | 146.0% | |
| Market (SPY) | 18.7% | 15.2% |
| Sector (XLV) | 22.8% | 20.0% |
Fundamental Drivers
The 14.9% change in TKNO stock from 9/30/2025 to 10/27/2026 was primarily driven by a 12.3% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 6.19 | 7.11 | 14.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 39 | 44 | 12.3% |
| P/S Multiple | 8.5 | 8.7 | 2.7% |
| Shares Outstanding (Mil) | 53 | 54 | -0.3% |
| Cumulative Contribution | 14.9% |
Market Drivers
9/30/2025 to 10/27/2026| Return | Correlation | |
|---|---|---|
| TKNO | 14.9% | |
| Market (SPY) | 16.5% | 20.4% |
| Sector (XLV) | 30.4% | 19.0% |
Fundamental Drivers
The 154.8% change in TKNO stock from 9/30/2023 to 10/27/2026 was primarily driven by a 334.0% change in the company's P/S Multiple.| (LTM values as of) | 9302023 | 10272026 | Change |
|---|---|---|---|
| Stock Price ($) | 2.79 | 7.11 | 154.8% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 39 | 44 | 11.4% |
| P/S Multiple | 2.0 | 8.7 | 334.0% |
| Shares Outstanding (Mil) | 28 | 54 | -47.3% |
| Cumulative Contribution | 154.8% |
Market Drivers
9/30/2023 to 10/27/2026| Return | Correlation | |
|---|---|---|
| TKNO | 154.8% | |
| Market (SPY) | 86.2% | 22.3% |
| Sector (XLV) | 45.8% | 24.0% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| TKNO Return | -18% | -72% | -34% | 124% | -54% | 73% | -74% |
| Peers Return | 44% | -24% | -8% | -2% | -2% | 20% | 15% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 11% | 103% |
Monthly Win Rates [3] | |||||||
| TKNO Win Rate | 14% | 42% | 50% | 42% | 25% | 70% | |
| Peers Win Rate | 75% | 40% | 52% | 45% | 52% | 60% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 40% | |
Max Drawdowns [4] | |||||||
| TKNO Max Drawdown | - | -85% | -73% | -69% | -61% | -53% | |
| Peers Max Drawdown | -16% | -37% | -35% | -21% | -36% | -31% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: TMO, DHR, A, BIO, TECH.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/27/2026 (YTD)
How Low Can It Go
| Event | TKNO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -42.8% | -18.8% |
| % Gain to Breakeven | 74.7% | 23.1% |
| Time to Breakeven | 532 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -51.2% | -9.5% |
| % Gain to Breakeven | 104.8% | 10.5% |
| Time to Breakeven | 97 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -69.7% | -6.7% |
| % Gain to Breakeven | 230.0% | 7.1% |
| Time to Breakeven | 531 days | 31 days |
In The Past
Alpha Teknova's stock fell -42.8% during the 2025 US Tariff Shock. Such a loss loss requires a 74.7% gain to breakeven.
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| Event | TKNO | S&P 500 |
|---|---|---|
| 2025 US Tariff Shock | ||
| % Loss | -42.8% | -18.8% |
| % Gain to Breakeven | 74.7% | 23.1% |
| Time to Breakeven | 532 days | 79 days |
| Summer-Fall 2023 Five Percent Yield Shock | ||
| % Loss | -51.2% | -9.5% |
| % Gain to Breakeven | 104.8% | 10.5% |
| Time to Breakeven | 97 days | 24 days |
| 2023 SVB Regional Banking Crisis | ||
| % Loss | -69.7% | -6.7% |
| % Gain to Breakeven | 230.0% | 7.1% |
| Time to Breakeven | 531 days | 31 days |
In The Past
Alpha Teknova's stock fell -42.8% during the 2025 US Tariff Shock. Such a loss loss requires a 74.7% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Alpha Teknova (TKNO)
Alpha Teknova (TKNO) is a vital supplier within the global life sciences market, providing critical reagents essential for the discovery, development, and production of advanced biopharmaceutical products. Its offerings play a fundamental role in enabling the creation of new drug therapies, novel vaccines, and molecular diagnostics, supporting significant advancements in healthcare and biological research.
The company's core product portfolio includes pre-poured media plates, which are indispensable for cell growth and cloning, alongside liquid cell culture media and supplements used for cellular expansion. Additionally, Teknova provides various molecular biology reagents that are crucial for laboratory processes such as sample manipulation, resuspension, and purification.
Teknova serves a broad spectrum of clients across the life sciences industry. Its customer base comprises pharmaceutical and biotechnology companies, contract development and manufacturing organizations (CDMOs), in vitro diagnostic (IVD) franchises, and academic and government research institutions, all of whom depend on Teknova's specialized reagents for their scientific and commercial operations.
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Here are 1-3 brief analogies for Alpha Teknova (TKNO):
They're like a specialized Thermo Fisher Scientific, providing essential reagents and media that are the foundational ingredients for biotech research and drug manufacturing.
Think of them as the "Sysco for biotech labs," supplying the crucial cell culture media, plates, and molecular biology reagents needed to develop drugs and vaccines.
They're a bit like the "Intel Inside" for biopharmaceutical companies, providing the critical reagents and media that power drug discovery and production.
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- Pre-poured media plates: These are ready-to-use plates designed for cell growth and cloning applications.
- Liquid cell culture media and supplements: These products support the expansion of cells in various research and production settings.
- Molecular biology reagents: These reagents are used for manipulating, resuspending, and purifying biological samples.
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Alpha Teknova (TKNO) primarily sells to other companies and institutions within the life sciences market, rather than to individuals.
Based on the provided information, its major customer categories include:
- Pharmaceutical and biotechnology companies
- Contract development and manufacturing organizations (CDMOs)
- In vitro diagnostic franchises
- Academic and government research institutions
Specific names of individual customer companies are not disclosed in the provided background information.
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Stephen Gunstream, President and CEO
Stephen Gunstream has served as President and Chief Executive Officer of Alpha Teknova since May 2020, and as a director since December 2019. He has over 20 years of experience in sales, marketing, research and development, and general management within the life sciences industry. Before joining Teknova, he held multiple roles at Becton Dickinson & Co. (BD) from June 2015 to December 2019, most recently as Vice President and General Manager of BD Biosciences. From 2008 to 2015, Mr. Gunstream was Chief Commercial Officer at Integrated DNA Technologies, Inc. (IDT), where he was responsible for product development, global sales, and global marketing, and was a co-inventor of several innovative products. Earlier in his career, from 2001 to 2008, he held various product development and business development positions at Applied Biosystems, Inc. (now part of Thermo Fisher Scientific, Inc.). He is a named inventor on 10 issued patents and more than 25 pending patents.
Matthew Lowell, Chief Financial Officer
Matthew Lowell has been Alpha Teknova's Chief Financial Officer since February 2021. Prior to Teknova, he was Vice President of Finance and Treasurer at Varex Imaging Corporation, where he also led business development activities. He also served as Vice President of Finance at Varian Medical Systems, Inc. from April 2013 to December 2016, with responsibilities including financial planning and analysis and business development, and co-led the spin-off of Varex Imaging Corporation from Varian in January 2017. From 2002 to 2013, Mr. Lowell spent over a decade in strategy, business development, and finance roles at Abbott Medical Optics, Inc. and its predecessor, Advanced Medical Optics, Inc. He started his career in investment banking with firms such as NationsBank, N.A., Donaldson, Lufkin & Jenrette, Inc., and Credit Suisse First Boston.
Damon Terrill, General Counsel and Chief Compliance Officer
Damon Terrill serves as the General Counsel and Chief Compliance Officer for Alpha Teknova.
Jennifer Henry, Senior Vice President of Marketing
Jennifer Henry holds the position of Senior Vice President of Marketing at Alpha Teknova.
Ken Gelhaus, Chief Commercial Officer
Ken Gelhaus serves as the Chief Commercial Officer for Alpha Teknova.
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Alpha Teknova (NASDAQ: TKNO) faces several key risks inherent to its operations and the life sciences industry.
- Persistent Operating Losses and Challenges to Achieve Profitability
Alpha Teknova has a history of incurring operating losses and anticipates that these losses may continue in the future. For the fiscal year ended December 31, 2025, the company reported a net loss of $17.3 million. The path to profitability requires sustained revenue growth and continued margin expansion within a competitive market. Analysts expect the company to remain unprofitable for at least the next three years. - Dependence on Customer Research and Development (R&D) Spending and Industry Funding Cycles
The company's revenues are significantly influenced by the research and development expenditures of its customers, primarily pharmaceutical and biotechnology companies. Fluctuations in R&D budgets, the availability of funding for life sciences, and industry consolidation can directly impact the demand for Alpha Teknova's products. The company has noted "quarter-to-quarter revenue lumpiness" in its Clinical Solutions segment due to the nature of large customer orders and a potential lag between biotech funding and revenue generation. - Supply Chain Disruptions, Competition, and Product Quality
Alpha Teknova is exposed to various external and operational risks, including potential supply chain disruptions, intense competition within the life sciences market, inflationary pressures, rising labor costs, and challenges in securing raw material supplies. Furthermore, the company's success relies on the performance and reliability of its products. Any issues related to product quality or technological reliability could result in lost revenue, damage to its reputation, and reduced market acceptance.
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Alpha Teknova (TKNO) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies and market dynamics:
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Expansion and Commercialization of Clinical Solutions: Alpha Teknova is actively expanding its customer base for clinical products, with a 25% increase in active clinical customers in 2025, reaching 60 active customers. The company supports at least 70 therapies from these customers, with 5 therapies in Phase II or later and 12 in Phase I by the end of 2025. This expansion and the progression of these therapies towards commercialization are expected to translate into significant revenue growth in the next 2-3 years.
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Investments in Commercial Capabilities: Alpha Teknova plans to invest approximately $2 million annually in its commercial capabilities. These investments are aimed at accelerating revenue growth towards the end of 2026 and into 2027 by expanding the company's presence with customers in attractive market segments.
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Growth in Lab Essentials (Catalog Products): The Lab Essentials segment, particularly catalog products, has demonstrated strong performance and is expected to continue driving revenue. In the third quarter of 2025, Lab Essentials revenue increased by 16%, primarily due to higher average revenue per customer and an expanded customer count.
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Operational Efficiencies and Margin Improvement: While not a direct revenue driver, improved operational efficiencies and higher gross margins are crucial for sustainable growth. The company achieved a full-year gross margin of 33.2% in 2025, up from 19.2% in 2024, and anticipates further improvements. Operational initiatives, such as implementing electronic batch records, automating high-throughput dispensing lines, and increasing larger batch size capabilities in 2026, are expected to enhance profitability, allowing for reinvestment and supporting top-line expansion.
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Potential Collaborations and Acquisitions: Management has identified opportunities for growth through strategic collaborations and acquisitions. Expanding Alpha Teknova's product portfolio and geographic footprint through these avenues is expected to drive additional top-line growth and margin expansion.
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Share Issuance
- In June 2021, Alpha Teknova completed its Initial Public Offering (IPO), issuing 6,900,000 shares of common stock at $16.00 per share, resulting in gross proceeds of approximately $110.4 million.
- For the year ended December 31, 2024, the company received $0.1 million from the exercise of stock options and $0.3 million from the issuance of common stock under its employee stock purchase plan.
Capital Expenditures
- In the fourth quarter of 2025, Alpha Teknova invested $348,000 in capital expenditures, primarily funding long-term assets and infrastructure.
- For 2026, the company plans to invest approximately $2 million in commercial capabilities to drive revenue growth.
- Alpha Teknova is continuously investing in processes, establishing a new warehouse/distribution facility, and scaling production to support future commercialization and customer expansion.
Peer Outperformance in Pharmaceuticals
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| TKNO | Alpha Teknova | 4.2% | -22.7x | 30.5% | 255.5% | -68.8% | — |
| MRK | Merck | 4.5% | 110.4x | 65.9% | 51.1% | 102.7% | +171pp |
| JNJ | Johnson & Johnson | 5.9% | 40.2x | 44.4% | 101.0% | 88.7% | +157pp |
| ALKS | Alkermes | 4.6% | 112.0x | 49.1% | 99.5% | 66.4% | +135pp |
| JAZZ | Jazz Pharmaceuticals | 7.0% | 13.9x | 48.4% | 64.0% | 54.4% | +123pp |
| BMY | Bristol Myers Squibb | 2.9% | 13.5x | 48.2% | 39.0% | 34.0% | +103pp |
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Health Care Distributors | 6 | 8.6% | 52.3% | 100.3% | CAH 475% · MCK 388% · COR 187% |
| Health Care Services | 20 | 20.9% | 47.9% | 16.3% | HIMS 275% · RDNT 144% · DGX 86% |
| Health Care Facilities | 24 | 2.0% | 29.6% | 6.0% | THC 274% · NHC 263% · ENSG 147% |
| Managed Health Care | 8 | 24.2% | 1.1% | -1.8% | OSCR 85% · HQY 53% · ELV 5% |
| Health Care Equipment | 50 | -2.2% | 12.4% | -17.8% | UFPT 387% · GKOS 323% · TMDX 162% |
| Pharmaceuticals ← | 60 | -14.0% | 8.7% | -31.6% | LQDA 1169% · KNSA 728% · LLY 436% |
| Health Care Supplies | 11 | 15.9% | 0.3% | -37.5% | LNTH 344% · HAE 75% · MMSI 37% |
| Life Sciences Tools & Services | 107 | -7.8% | 4.2% | -65.2% | NTRA 260% · MEDP 220% · IRTC 80% |
| Biotechnology | 363 | -26.9% | -20.3% | -81.5% | DNTH 1133% · ELVN 1124% · TRVI 1031% |
| Health Care Technology | 21 | -31.2% | -58.6% | -81.5% | VEEV 0% · DOCS -50% |
Latest Trefis Analyses
| Title | Date | |
|---|---|---|
| DASHBOARDS | ||
| Alpha Teknova Earnings Notes | 12/16/2025 | |
| Alpha Teknova Stock Up 11%, Buy Or Wait? | 10/17/2025 |
| Title | |
|---|---|
| ARTICLES |
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 205.25 |
| Mkt Cap | 30.7 |
| Rev LTM | 4,981 |
| Op Inc LTM | 956 |
| FCF LTM | 810 |
| FCF 3Y Avg | 775 |
| CFO LTM | 1,051 |
| CFO 3Y Avg | 1,044 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 6.4% |
| Rev Chg 3Y Avg | 2.2% |
| Rev Chg Q | 8.2% |
| QoQ Delta Rev Chg LTM | 2.0% |
| Op Inc Chg LTM | 12.7% |
| Op Inc Chg 3Y Avg | 3.5% |
| Op Mgn LTM | 19.3% |
| Op Mgn 3Y Avg | 18.9% |
| QoQ Delta Op Mgn LTM | 0.0% |
| CFO/Rev LTM | 20.6% |
| CFO/Rev 3Y Avg | 21.7% |
| FCF/Rev LTM | 16.5% |
| FCF/Rev 3Y Avg | 17.3% |
Price Behavior
| Market Price | $7.11 | |
| Market Cap ($ Bil) | 0.4 | |
| First Trading Date | 06/25/2021 | |
| Distance from 52W High | -23.8% | |
| 50 Days | 200 Days | |
| DMA Price | $7.67 | $4.83 |
| DMA Trend | up | up |
| Distance from DMA | -7.3% | 47.2% |
| 3M | 1YR | |
| Volatility | 78.3% | 79.6% |
| Downside Capture | -5.60 | 59.71 |
| Upside Capture | 133.01 | 66.02 |
| Correlation (S&P 500) | 17.1% | 19.2% |
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 1.49 | 1.90 | 1.43 | 1.00 | 1.30 | 1.33 |
| Up Beta | 3.28 | 1.90 | 2.31 | 0.19 | 1.38 | 1.79 |
| Down Beta | 5.09 | 8.55 | 3.42 | 4.12 | 2.12 | 1.14 |
| Up Capture | 208% | 332% | 185% | 188% | 128% | 203% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 13 | 24 | 32 | 65 | 116 | 351 |
| Down Capture | -189% | -270% | -94% | -173% | 83% | 102% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 9 | 18 | 31 | 60 | 130 | 375 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TKNO | |
|---|---|---|---|---|
| TKNO | 25.3% | 79.6% | 0.62 | - |
| Sector ETF (XLV) | 24.4% | 16.3% | 1.14 | 18.9% |
| Equity (SPY) | 14.6% | 12.7% | 0.79 | 19.1% |
| Gold (GLD) | -1.4% | 28.5% | -0.06 | 16.8% |
| Commodities (DBC) | 47.3% | 20.6% | 1.76 | 3.7% |
| Real Estate (VNQ) | 3.8% | 13.9% | 0.02 | 1.4% |
| Bitcoin (BTCUSD) | -27.9% | 43.4% | -0.63 | 10.7% |
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Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TKNO | |
|---|---|---|---|---|
| TKNO | -21.1% | 92.8% | 0.15 | - |
| Sector ETF (XLV) | 8.5% | 15.2% | 0.36 | 22.1% |
| Equity (SPY) | 12.8% | 17.1% | 0.56 | 25.0% |
| Gold (GLD) | 17.6% | 18.9% | 0.75 | 7.8% |
| Commodities (DBC) | 9.2% | 19.5% | 0.35 | 4.1% |
| Real Estate (VNQ) | 1.0% | 18.9% | -0.06 | 20.6% |
| Bitcoin (BTCUSD) | 4.5% | 51.6% | 0.27 | 13.4% |
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Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with TKNO | |
|---|---|---|---|---|
| TKNO | -11.6% | 92.5% | 0.16 | - |
| Sector ETF (XLV) | 11.8% | 16.8% | 0.58 | 21.5% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 24.4% |
| Gold (GLD) | 12.0% | 16.4% | 0.60 | 7.8% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 4.9% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 19.9% |
| Bitcoin (BTCUSD) | 62.2% | 66.2% | 1.02 | 12.1% |
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Returns Analyses
Earnings Returns History
Updated 10/25/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | 5.1% | ||
| 8/5/2026 | 16.4% | 31.7% | 29.1% |
| 5/6/2026 | 9.9% | 7.4% | 25.3% |
| 2/26/2026 | 0.9% | 3.3% | 25.2% |
| 11/6/2025 | -2.8% | -9.9% | -7.5% |
| 8/7/2025 | -2.5% | 10.6% | 0.2% |
| 5/8/2025 | 9.3% | 2.2% | -6.9% |
| 3/4/2025 | 3.1% | -5.8% | -11.4% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 12 |
| # Negative | 10 | 10 | 9 |
| Median Positive | 4.0% | 8.8% | 15.4% |
| Median Negative | -4.6% | -8.2% | -19.7% |
| Max Positive | 16.4% | 31.7% | 100.5% |
| Max Negative | -19.3% | -21.1% | -45.0% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/21/2026 | 5.1% | ||
| 8/5/2026 | 16.4% | 31.7% | 29.1% |
| 5/6/2026 | 9.9% | 7.4% | 25.3% |
| 2/26/2026 | 0.9% | 3.3% | 25.2% |
| 11/6/2025 | -2.8% | -9.9% | -7.5% |
| 8/7/2025 | -2.5% | 10.6% | 0.2% |
| 5/8/2025 | 9.3% | 2.2% | -6.9% |
| 3/4/2025 | 3.1% | -5.8% | -11.4% |
| 11/7/2024 | 0.0% | -9.3% | 16.0% |
| 8/13/2024 | -6.5% | 24.4% | 14.9% |
| 5/13/2024 | 12.1% | 2.9% | 0.0% |
| 3/11/2024 | -5.6% | -5.6% | -16.7% |
| 11/9/2023 | 3.6% | 10.3% | 52.8% |
| 8/10/2023 | 2.1% | -7.1% | -35.7% |
| 5/10/2023 | -3.6% | 8.8% | 100.5% |
| 3/15/2023 | -2.9% | -12.8% | -34.3% |
| 11/9/2022 | -12.1% | 25.2% | 7.0% |
| 8/10/2022 | -19.3% | -16.8% | -22.5% |
| 5/11/2022 | 4.4% | -21.1% | -45.0% |
| 3/15/2022 | 1.1% | -1.5% | 9.4% |
| 11/10/2021 | -7.0% | 8.6% | -19.7% |
| 8/11/2021 | -1.5% | -2.1% | 14.8% |
| SUMMARY STATS | |||
| # Positive | 12 | 11 | 12 |
| # Negative | 10 | 10 | 9 |
| Median Positive | 4.0% | 8.8% | 15.4% |
| Median Negative | -4.6% | -8.2% | -19.7% |
| Max Positive | 16.4% | 31.7% | 100.5% |
| Max Negative | -19.3% | -21.1% | -45.0% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/07/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| Report Date | Filing Date | Filing |
|---|---|---|
| 06/30/2026 | 08/06/2026 | 10-Q |
| 03/31/2026 | 05/07/2026 | 10-Q |
| 12/31/2025 | 03/02/2026 | 10-K |
| 09/30/2025 | 11/07/2025 | 10-Q |
| 06/30/2025 | 08/08/2025 | 10-Q |
| 03/31/2025 | 05/09/2025 | 10-Q |
| 12/31/2024 | 03/07/2025 | 10-K |
| 09/30/2024 | 11/08/2024 | 10-Q |
| 06/30/2024 | 08/13/2024 | 10-Q |
| 03/31/2024 | 05/13/2024 | 10-Q |
| 12/31/2023 | 03/27/2024 | 10-K |
| 09/30/2023 | 11/13/2023 | 10-Q |
| 06/30/2023 | 08/11/2023 | 10-Q |
| 03/31/2023 | 05/11/2023 | 10-Q |
| 12/31/2022 | 03/30/2023 | 10-K |
| 09/30/2022 | 11/14/2022 | 10-Q |
| 06/30/2022 | 08/11/2022 | 10-Q |
| 03/31/2022 | 05/12/2022 | 10-Q |
| 12/31/2021 | 03/18/2022 | 10-K |
| 09/30/2021 | 11/12/2021 | 10-Q |
| 06/30/2021 | 08/13/2021 | 10-Q |
| 03/31/2021 | 06/21/2021 | S-1/A |
Insider Activity
Updated 7/16/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lowell, Matthew | Chief Financial Officer | Direct | Buy | 3092026 | 2.19 | 40,000 | 87,616 | 368,811 | Form |
| 2 | Gunstream, Stephen | President and CEO | Direct | Buy | 3092026 | 2.15 | 26,000 | 55,801 | 578,394 | Form |
| 3 | Demski, Martha J | Direct | Sell | 7012025 | 5.06 | 8,000 | 40,512 | 60,768 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Lowell, Matthew | Chief Financial Officer | Direct | Buy | 3092026 | 2.19 | 40,000 | 87,616 | 368,811 | Form |
| 2 | Gunstream, Stephen | President and CEO | Direct | Buy | 3092026 | 2.15 | 26,000 | 55,801 | 578,394 | Form |
| 3 | Demski, Martha J | Direct | Sell | 7012025 | 5.06 | 8,000 | 40,512 | 60,768 | Form |
Industry Resources
| Health Care Resources |
| U.S. National Library of Medicine |
| ClinicalTrials.gov |
| Modern Healthcare |
| Healthcare Dive |
| Fierce Healthcare |
| Health Affairs |
| Health Data Management |
| FDA Tracker |
| Pharmaceuticals Resources |
| Fierce Pharma |
| Pharm Exec |
| Endpoints News |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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